Contract award notice
Results of the procurement procedure
Section I: Contracting
authority
I.1) Name and addresses
Lancashire County Council
2nd Floor Christ Church Precinct, County Hall, Preston, Lancashire
Preston
PR1 8XJ
UK
Contact person: Chris Ridings
E-mail: contractscorporate@lancashire.gov.uk
NUTS: UKD4
Internet address(es)
Main address: http://www.lancashire.gov.uk
I.4) Type of the contracting authority
Regional or local authority
I.5) Main activity
General public services
Section II: Object
II.1) Scope of the procurement
II.1.1) Title
Provision of Pension Fund Custodian Services To Lancashire County Council
Reference number: CR/CORP/LCC/17/605
II.1.2) Main CPV code
66520000
II.1.3) Type of contract
Services
II.1.4) Short description
LCPF (Lancashire County Pension Fund) is a Local Authority Pension Scheme with assets valued at 7.2 billion GBP (as at 31.3.2017) and is currently looking to appoint a Global Custodian to provide a number of services such as, but not limited to: Safekeeping of assets, trade settlements, tax reclaims, cash management, investment accounting etc.
This contract will be awarded for a period of 3 years with an option to extend of any given period up to a maximum of 3 further years.
The total value of the contract is estimated to be within the range of 900 000 GBP to 2 100 000 GBP. Currently valued at 250 000 GBP per annum (1 500 000 GBP over 6 years).
II.1.6) Information about lots
This contract is divided into lots:
No
II.1.7) Total value of the procurement
Value excluding VAT:
1 500 000.00
EUR
II.2) Description
II.2.2) Additional CPV code(s)
75320000
II.2.3) Place of performance
NUTS code:
UKD4
Main site or place of performance:
Lancashire County Pension Fund (Lancashire County Council)
II.2.4) Description of the procurement
LCPF (Lancashire County Pension Fund) is a Local Authority Pension Scheme with assets valued at 7.2 billion GBP (as at 31.3.2017) and is currently looking to appoint a Global Custodian to provide a number of services such as, but not limited to: Safekeeping of assets, trade settlements, tax reclaims, cash management, investment accounting etc.
This contract will be awarded for a period of 3 years with an option to extend of any given period up to a maximum of 3 further years.
The total value of the contract is estimated to be within the range of 900 000 GBP to 2 100 000 GBP. Currently valued at 250 000 GBP per annum.
II.2.5) Award criteria
Quality criterion: Organisation and Structure
/ Weighting: 4
Quality criterion: Business Continuity, Disaster Recovery, and Cyber Security
/ Weighting: 6
Quality criterion: Operating Model
/ Weighting: 6
Quality criterion: Technolgical Capabilites
/ Weighting: 3
Quality criterion: Asset Servicing
/ Weighting: 8
Quality criterion: Client Service Structure
/ Weighting: 12
Quality criterion: Online Reporting
/ Weighting: 12
Quality criterion: Investment Accounting Capabilities
/ Weighting: 12
Quality criterion: Performance Measurement Capabilities
/ Weighting: 12
Quality criterion: Compliance Monitoring
/ Weighting: 5
Price
/ Weighting:
20
II.2.11) Information about options
Options:
No
II.2.13) Information about European Union funds
The procurement is related to a project and/or programme financed by European Union funds:
No
Section IV: Procedure
IV.1) Description
IV.1.1) Type of procedure
Open procedure
IV.1.8) Information about Government Procurement Agreement (GPA)
The procurement is covered by the Government Procurement Agreement:
Yes
IV.2) Administrative information
IV.2.1) Previous publication concerning this procedure
Notice number in the OJ S:
2017/S 244-509646
Section V: Award of contract
Lot No: 1
Contract No: CR/CORP/LCC/17/605
Title: Provision of Pension Fund Custodian Services To Lancashire County Council
A contract/lot is awarded:
Yes
V.2 Award of contract
V.2.1) Date of conclusion of the contract
09/04/2018
V.2.2) Information about tenders
Number of tenders received: 3
Number of tenders received from SMEs: 0
Number of tenders received by electronic means: 3
The contract has been awarded to a group of economic operators:
No
V.2.3) Name and address of the contractor
Northern Trust Company (The)
BR001960
London
E14 5NT
UK
NUTS: UKI42
The contractor is an SME:
No
V.2.4) Information on value of the contract/lot (excluding VAT)
Initial estimated total value of the contract/lot:
Total value of the contract/lot:
: 1 500 000.00
GBP
V.2.5) Information about subcontracting
Section VI: Complementary information
VI.3) Additional information
For further information please contact: contractscorporate@lancashire.gov.uk
VI.4) Procedures for review
VI.4.1) Review body
Lancashire County Council
Preston
PR1 8XJ
UK
VI.5) Date of dispatch of this notice
10/04/2018